Capital Gain Tax (PIT)

Introduction

Scope/Companies covered

All chargeable assets are subject to Capital Gains Tax when disposed at a gain aside those specifically exempted by the Act.

Rate of Tax

The rate is charged at a flat rate of 10% of chargeable gains.

Enabling laws

Capital Gains Tax Act, Cap C1 LFN 2004 (amended)

Recent Amendments –

  1. Compensation for loss of employment below N10m to be exempted from CGT

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SIAO CGT CALCULATOR

Captial Gain Tax: =N=

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